Shiba Inu (SHIB) and Dogecoin (DOGE) are a long way down from their all-time highs, and they are fast losing ground to newer projects offering greater utility and real-world use cases than just memes. One of those is DeeStream (DST), which is looking to make serious waves in the crypto world with the launch of its presale event. Learn why market analysts are picking DeeStream to be one of the best performers of 2024.
Shiba Inu (SHIB) Jumps the Shark
Shiba Inu (SHIB) has witnessed a substantial decline from its December 2023 highs amid a broader market correction that affected altcoins across the board to start the month. Despite increased whale activity, and a growing Shiba Inu (SHIB) ecosystem and market cap, Shiba Inu has seemingly jumped the shark. The late 2023 rally, fueled by strong interest in meme coins, propelled Shiba Inu’s SHIB token to $0.00001056 by January 2. Subsequently, SHIB continued its bearish trend, registering a 6.7% drop to $0.000009065 as of press time, or a 21.8% decline from past year’s values.
Dogecoin (DOGE) Interest Waning
Dogecoin (DOGE) has failed to capitalize on the recent spate of meme coin frenzy in late 2023. It rose to $0.089 in the past week until it retraced to the $0.079 mark where it traded as of this writing, breaking support levels at $0.077. Dogecoin (DOGE) bears are dominating the narrative despite the recent updates and general interest in meme coins on Solana. That indicates a waning interest in the “original meme coin” entering 2024.
DeeStream (DST) Stage 1 Goes LIVE!
DeeStream (DST) is one of the fastest-rising presale events of 2024—and a growing number of market analysts predict it could be one of the best investment opportunities of the year. DeeStream (DST) is building the first and only decentralized live video streaming platform designed for creators and streamers to maximize their potential by unlocking new income streams otherwise unavailable on Facebook Live, Twitch, or YouTube. Worse, creators on these Web2 platforms are entirely at the mercy of the platform, which could cancel them for not toeing the company line.
DeeStream (DST) will allow DST token holders to stake their holdings and earn passive yield. With the growing demand for decentralized platforms like DST—and the expected growth of the live-streaming industry to a $250 billion business in 2027. DeeStream (DST) can be in for some parabolic growth.
Currently, its DST token is available at $0.035 during the presale, and market analysts believe the buy-side demand can see it trade around $3.50 by the end of the year. That’s a 100x from its current launch prices, making the DeeStream (DST) presale an ideal entry opportunity to a project that has “winner” written all over it. With DST prices scheduled to increase every succeeding stage in its six-stage presale event, early presale investors will be sitting on gains even before the project launches on crypto exchanges.
Find out more about the DeeStream (DST) presale by visiting the website here
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